Show:
Families and the Economy
Our Economic World
Financial Responsibility
Financial Institutions
Personal Taxation
100
The study in which ways money is created and used in society
What is economics?
100
Businesses use this from there advertising budget to remind customers of their company
What are "freebies"?
100
Things that you give up when you make a choice.
What is opportunity cost?
100
To keep our money safer or to earn interest on it.
What is the purpose of depository institutions?
100
Government agency that oversees the collection of taxes from citizens.
What is the purpose of the Internal Review Service or IRS?
200
How prices for goods and services are determined.
What is supply and demand.
200
The governmental allocation and collection of money within the state.
What is the fiscal policy?
200
Analyze your current financial situation
What is the first step to financial planning?
200
Most well-known depository institution.
What are commercial banks?
200
Those with higher incomes to pay a greater proportion of their income in taxes.
What is the progressive tax system?
300
Capital, labor, resources
What are three things need to produce goods in a capitalist society?
300
Land, capital, labor, and entrepreneurial ability
What are the categories of limited economic resources?
300
Identify your short-term and long-term financial goals
What is the second step to financial planning?
300
Accounts are those that are partially funded by employers using a portion of wages before tax
What is a 401k?
300
Calculate your income
What is the first step to filling income tax.
400
Taxes that are levied on imports and/or exports.
What are tarrifs?
400
Simply a place (physical or virtual) where stocks or shares in a company are bought and sold.
What is the stock market?
400
Identify ways to reach the goals you've identified
What is the fourth step to financial planning?
400
Savings, Payment Services, Loans, Financial services
What are common financial services offered today?
400
Single. Married, Filing Jointly. Married, Filing Separately. Head of Household. Qualifying Widow(er).
What are the five different categories for filing a tax return?
500
Protect consumers from untruthful information about products and to protect businesses from competitors using unfair practices
What are Consumer Protection Laws?
500
Neutral, Expansionary, Contractionary
What are the three different stances that a government can take in regards to fiscal policy suggested by economic scholars.
500
Periodically review and revise your financial plan.
What is the final step to financial planning?
500
Products, price, place and people.
What is are the four "Ps" when trying to decide which financial institution to use for your money
500
A detailed examination of a return by the IRS
What is a tax audit?